Sirona Biochem Corp Stock Market Value
| SBM Stock | CAD 0.08 0.01 6.67% |
| Symbol | Sirona |
Sirona Biochem 'What if' Analysis
In the world of financial modeling, what-if analysis is part of sensitivity analysis performed to test how changes in assumptions impact individual outputs in a model. When applied to Sirona Biochem's stock what-if analysis refers to the analyzing how the change in your past investing horizon will affect the profitability against the current market value of Sirona Biochem.
| 12/06/2022 |
| 11/25/2024 |
If you would invest 0.00 in Sirona Biochem on December 6, 2022 and sell it all today you would earn a total of 0.00 from holding Sirona Biochem Corp or generate 0.0% return on investment in Sirona Biochem over 720 days. Sirona Biochem is related to or competes with Aptose Biosciences, IShares Canadian, Altagas Cum, European Residential, RBC Discount, and IShares SPTSX. Sirona Biochem Corp. operates as a cosmetic ingredient and drug discovery company in Canada and France More
Sirona Biochem Upside/Downside Indicators
Understanding different market momentum indicators often help investors to time their next move. Potential upside and downside technical ratios enable traders to measure Sirona Biochem's stock current market value against overall market sentiment and can be a good tool during both bulling and bearish trends. Here we outline some of the essential indicators to assess Sirona Biochem Corp upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 11.65 | |||
| Information Ratio | 0.1169 | |||
| Maximum Drawdown | 67.78 | |||
| Value At Risk | (15.38) | |||
| Potential Upside | 25.0 |
Sirona Biochem Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Sirona Biochem's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Sirona Biochem's standard deviation. In reality, there are many statistical measures that can use Sirona Biochem historical prices to predict the future Sirona Biochem's volatility.| Risk Adjusted Performance | 0.1072 | |||
| Jensen Alpha | 1.38 | |||
| Total Risk Alpha | (0.38) | |||
| Sortino Ratio | 0.1239 | |||
| Treynor Ratio | 1.04 |
Sirona Biochem Corp Backtested Returns
Sirona Biochem appears to be out of control, given 3 months investment horizon. Sirona Biochem Corp owns Efficiency Ratio (i.e., Sharpe Ratio) of 0.082, which indicates the firm had a 0.082% return per unit of risk over the last 3 months. By inspecting Sirona Biochem's technical indicators, you can evaluate if the expected return of 0.95% is justified by implied risk. Please review Sirona Biochem's Semi Deviation of 7.49, risk adjusted performance of 0.1072, and Coefficient Of Variation of 784.11 to confirm if our risk estimates are consistent with your expectations. On a scale of 0 to 100, Sirona Biochem holds a performance score of 6. The entity has a beta of 1.5, which indicates a somewhat significant risk relative to the market. As the market goes up, the company is expected to outperform it. However, if the market returns are negative, Sirona Biochem will likely underperform. Please check Sirona Biochem's value at risk and the relationship between the expected short fall and market facilitation index , to make a quick decision on whether Sirona Biochem's existing price patterns will revert.
Auto-correlation | -0.15 |
Insignificant reverse predictability
Sirona Biochem Corp has insignificant reverse predictability. Overlapping area represents the amount of predictability between Sirona Biochem time series from 6th of December 2022 to 1st of December 2023 and 1st of December 2023 to 25th of November 2024. The more autocorrelation exist between current time interval and its lagged values, the more accurately you can make projection about the future pattern of Sirona Biochem Corp price movement. The serial correlation of -0.15 indicates that less than 15.0% of current Sirona Biochem price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.15 | |
| Spearman Rank Test | 0.27 | |
| Residual Average | 0.0 | |
| Price Variance | 0.0 |
Sirona Biochem Corp lagged returns against current returns
Autocorrelation, which is Sirona Biochem stock's lagged correlation, explains the relationship between observations of its time series of returns over different periods of time. The observations are said to be independent if autocorrelation is zero. Autocorrelation is calculated as a function of mean and variance and can have practical application in predicting Sirona Biochem's stock expected returns. We can calculate the autocorrelation of Sirona Biochem returns to help us make a trade decision. For example, suppose you find that Sirona Biochem has exhibited high autocorrelation historically, and you observe that the stock is moving up for the past few days. In that case, you can expect the price movement to match the lagging time series.
Current and Lagged Values |
| Timeline |
Sirona Biochem regressed lagged prices vs. current prices
Serial correlation can be approximated by using the Durbin-Watson (DW) test. The correlation can be either positive or negative. If Sirona Biochem stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Sirona Biochem stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Sirona Biochem stock over time.
Current vs Lagged Prices |
| Timeline |
Sirona Biochem Lagged Returns
When evaluating Sirona Biochem's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Sirona Biochem stock have on its future price. Sirona Biochem autocorrelation represents the degree of similarity between a given time horizon and a lagged version of the same horizon over the previous time interval. In other words, Sirona Biochem autocorrelation shows the relationship between Sirona Biochem stock current value and its past values and can show if there is a momentum factor associated with investing in Sirona Biochem Corp.
Regressed Prices |
| Timeline |
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Additional Tools for Sirona Stock Analysis
When running Sirona Biochem's price analysis, check to measure Sirona Biochem's market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy Sirona Biochem is operating at the current time. Most of Sirona Biochem's value examination focuses on studying past and present price action to predict the probability of Sirona Biochem's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Sirona Biochem's price. Additionally, you may evaluate how the addition of Sirona Biochem to your portfolios can decrease your overall portfolio volatility.